Zack Tremere
Buffalo RE Investors
1 February 2024 | 11 replies
I want to create more of a cashflow based portfolio and not seeing too many markets up north with the same numbers you guys play with.
Caren Magill
MTR or sell? I'm not sure our house is the right fit for rentals.
2 February 2024 | 19 replies
Based on your post it seems like the home is large 3+ bedrooms.
Margaret Ngatia
[Calc Review] Help me analyze this deal
1 February 2024 | 1 reply
View report*This link comes directly from our calculators, based on information input by the member who posted.Bp Community,Views and opinions on this deal are welcome
Tony Jarusook
Fixed rate equity loan vs HELOC
31 January 2024 | 16 replies
You can also draw it again for the next project without applying for a new loan.
Conrad Legé
STR in South Florida/Miami market
1 February 2024 | 19 replies
Hi @Conrad Legé,STR owner/operator and Realtor based in Miami here.
Abhishek Agrawal
Austin/San Antonio Newbie Investor Seeks Rental Property & Team
1 February 2024 | 8 replies
My sights are set on acquiring my first rental property in the Austin/San Antonio area, aiming for cash flow and a 7-10% yield on my down payment.Here is my initial plan based on the learnings I have done so far:Property Type: Single Family/Condo/Apartment also open for other suggestionsStrategy: MTR/LTR Budget: $300k - $400kCredit Score: ~750Down Payment: 15-20%Where I need help of this awesome BP community:Guidance & insights: I'm open to any advice and tips from seasoned investors and experts in the Austin/San Antonio market.Experienced team: I'm actively seeking investor-friendly professionals, including lenders, agents, property managers, tax experts, inspectors, and lawyers.
Sharon Supera
Dilemma - buy our own condo or go back home
2 February 2024 | 6 replies
They can provide tailored advice based on a detailed understanding of your financial situation, real estate market trends, and tax implications.Consider Market Trends and Timing: Keep an eye on the real estate market trends, especially in the areas where your properties are located.
Tony Pellettieri
New Construction HML in Foreclosure Proceedings - Needs Help
1 February 2024 | 1 reply
Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them.
Susan McBride
Investor Offer to Assume Mortgage - Legit or not?
1 February 2024 | 14 replies
This offer is based on a subject-to-arrangement.
Luis Moreno
Do I use the TREC contract twice for a wholesale deal?
1 February 2024 | 4 replies
You don't understand the process of "wholesaling" (presumably you mean assigning a contract) based your question and jumping in with both feet only harms your reputation before you even have one.